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U.S. Polished Diamond Imports Rise in May

Jul 7, 2016 3:59 AM   By Rapaport News
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RAPAPORT... U.S. polished diamond imports increased 2.3 percent year on year to $3.09 billion in May, according to the latest government figures. The month is frequently the strongest of the year for inbound shipments as goods arrive for the Las Vegas shows in June.

Polished imports by weight advanced 1.3 percent to 1.4 million carats, while the average price grew 1 percent to $2,263 per carat.

Polished exports declined 1.1 percent to $1.37 billion, leaving net polished imports 5.1 percent higher at $1.72 billion.

Rough imports increased more than sixfold to $132 million, while rough exports doubled to $36 million. Net rough imports stood at $96 million, compared with $1 million a year ago.

The country’s net diamond account, calculated as rough and polished imports minus exports, jumped 11 percent to $1.82 billion.

During the first five months of the year, polished imports dipped 0.4 percent to $10.49 billion and polished exports declined 1.2 percent to $7.4 billion. Net polished imports increased 1.5 percent to $3.09 billion.
Tags: exports, imports, imports and exports, new york, Polished Diamonds, polished exports, polished imports, Rapaport News, u.s.
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